Wall Street analysts forecast that H&R Block (HRB) will report quarterly earnings of $2.23 per share in its upcoming release, pointing to a year-over-year decline of 1.8%. It is anticipated that revenues will amount to $1.12 billion, exhibiting an increase of 0.6% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific H&R Block metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenues- U.S. assisted tax preparation' will likely reach $701.97 million. The estimate points to a change of +2.3% from the year-ago quarter.
The average prediction of analysts places 'Revenues- U.S. royalties' at $42.71 million. The estimate indicates a year-over-year change of -13.8%.
The consensus estimate for 'Revenues- U.S. DIY tax preparation' stands at $148.24 million. The estimate suggests a change of -2.5% year over year.
The consensus among analysts is that 'Revenues- International' will reach $87.03 million. The estimate suggests a change of -3.2% year over year.
Analysts forecast 'Revenues- Refund Transfers' to reach $21.86 million. The estimate indicates a change of -2% from the prior-year quarter.
Analysts expect 'Revenues- Tax Identity Shield' to come in at $15.51 million. The estimate indicates a change of +3.6% from the prior-year quarter.
Analysts' assessment points toward 'Revenues- Peace of Mind Extended Service Plan' reaching $33.85 million. The estimate indicates a change of +4.3% from the prior-year quarter.
Analysts predict that the 'Revenues- Other' will reach $18.85 million. The estimate suggests a change of +4.1% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Wave' of $31.64 million. The estimate points to a change of +7.1% from the year-ago quarter.
It is projected by analysts that the 'Revenues- Emerald Card and Spruce' will reach $14.48 million. The estimate indicates a change of +5.5% from the prior-year quarter.
View all Key Company Metrics for H&R Block here>>>Over the past month, H&R Block shares have recorded returns of +17.3% versus the Zacks S&P 500 composite's +3.3% change. Based on its Zacks Rank #3 (Hold), HRB will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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H&R Block, Inc. (HRB): Free Stock Analysis Report
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